USDZAR Long trade

Price is back at prices that caused a reversal.
Technical imbalance filled at LVN
Vaccine rollout halted as early data suggest that the vaccine is not effective enough. This will slow down economic recovery.
The latest MPC statement suggest a stable Rand at 15.7

Commentaire:

Also expect a 0.25% increase in interest rate in Q2 as per latest MPC statement

Commentaire:

11/02/2021 State of the Nation Address
Key Points:
Beat Covid 19: Implementation of a massive vaccination rollout. Procurement of J&J vaccine established.

Economic Recovery: Infrastructure Project implementation focusing on Construction, Energy and water

Creation of Sustainable jobs: Recovery plan will create these jobs.

Fight Corruption: ??

COT Report ZAR:
Non Commercial:
Long 8000 Short 3741 Nett long 4259
Previous 8021 2971 Nett long 5050

Commercial:
Long 3303 Short 7732 Nett short 4429
Previous 1841 6709 Nett short 4868